Will Coronavirus Create Multifamily Investment Opportunities?

The past several years have been marked by an increase in average rent prices in many major U.S. cities, a lack of affordable multifamily housing, and a tight rental market. The pandemic and potential recession that may result isn’t likely to lead to more affordable housing, but it could lead to opportunities for some investors ready to cash in on properties in secondary markets.

A report from the Washington, D.C.-based National Multifamily Housing Council showed a loosening market in April 2020 as a direct result of the coronavirus pandemic. Tracking trends from the past nine months, NMHC’s Market Tightness Index registered a rating of 12 in April, indicating a very weak market. The score is a sharp decrease from 60 in July 2019, down to 54 in October 2019, and dropping slightly to 48 in January of this year.

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